The price of gold goes down to an increase amid the fluctuation in Trump's policy

The price of gold stabilized after an increase, supported by increasing demand for safe haven, after Wall Street saw serious fluctuations as a result of President Donald Trump’s volatile plans on customs duties, and his recent statements that reduced the fear of the recession. Gold was traded about $ 2915 per gram, as investors evaluated Trump’s recent move to alleviate its threats to the trade war against Ontario, hours after he said it would double the Canadian steel and aluminum money to 50%. The president also reduced the risk of stagnation due to customs duties, despite the significant declines in the markets and the tendency of the US dollar to decline. The dollar makes the US currency gold cheaper for foreign investors. The weakness of the US economy has also led to a series of poor economic reports in the United States also raising fear of inflationary recession, as the risk of inflation and the decline in economic growth exists. The slowdown in trade could result in the federal reserve lowering interest rates this year several times. However, traders will evaluate the expected inflation report on Wednesday, which could show an increase in consumer prices in February. This may complicate the Interest Reduction Schedule of the Federal Reserve, as reducing monetary policy is generally positive for gold that generates interest. Elsewhere, the markets monitor the possibility of alleviating geopolitical risks that can reduce the demand for safe haven. Ukraine agreed to a 30 -day ceasefire with Russia as part of an agreement with the Trump administration to increase the freezing of military and intelligence assistance to Kev. Immediate gold was traded without change at $ 2914.32 per ounce at 08:04 Singapore, after it ended about 1%on Tuesday. The US dollar index rose 0.1% to a loss of 0.4% in the previous session. Silver withdrew, and the platinum increased, while the palladium settled.